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Oil prices edge down as US fuel stockpiles grow more than expected


  • Oil & Gas
  • Thursday, 17 Jan 2019

U.S. West Texas Intermediate (WTI) crude futures were at $52.20 per barrel at 0022 GMT, down 11 cents, or 0.2 percent, from their last settlement. WTI futures closed up 0.4 percent on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures were at $52.20 per barrel at 0022 GMT, down 11 cents, or 0.2 percent, from their last settlement. WTI futures closed up 0.4 percent on Wednesday.

SYDNEY: U.S. oil prices inched down on Thursday, with traders worried about the strength of demand in the United States after gasoline stockpiles there grew last week by far more than analysts had expected.

U.S. West Texas Intermediate (WTI) crude futures were at $52.20 per barrel at 0022 GMT, down 11 cents, or 0.2 percent, from their last settlement. WTI futures closed up 0.4 percent on Wednesday.

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